Always make sure there is and will be enough cash in the bank The most common business-failure mode, hands down, is running out of cash. If you know you’ve got a cash flow or liquidity problem coming up, fix it now. 2. You can’t fire bad employees fast enough 3. The problem is probably you…
As of 2020, we got hit by a global pandemic that makes going to work more difficult. Many countries have been in lockdown as a result of this. Many companies have been working from home for the past few months. The demand for both serviced and virtual offices in Thailand is on the rise. As…
1) QUALITY COUNTS A landline provides you with a clear crisp connection, you don’t have to worry about constant buzzing, and wondering whether your customer can hear you. 2) DROPPING CALLS IS DROPPING SALES Dropping calls to friends and family is frustrating at the best of times, but dropping a business call could be disastrous….
1) Office Space Serviced offices are one great way to go to cut your office space expenses. The really good thing about serviced offices is the flexibility it offers, unlike traditional office spaces. Usually, traditional office spaces require longevity in the contract of lease. On the other hand, serviced offices are offered in very flexible…
In this time where most communications are either via Instant Messaging, Email or VOIP calls via your favorite Apps just as WhatsApp, Line, Skype or even Video Call via Zoom or Google Meet – why the heck is it still crucial for businesses attempting to do business in Thailand to still have a local landline…
How many times have you rejected or skipped a call from an unknown number? How many of these calls could be a potential customer?Let say 20% of these calls and that could equate to over 365 missed opportunities.Did you know that you can now have a Bangkok Landline Number for your business or personal use…
1) Have a space for work: Worked at a desk have a small office. It’s mentally healthy to be able to limit the physical space of your work. 2) Don’t sweat about interruptions: Sharing your home with children and pets means your work will be interrupted frequently. Don’t be stressed and be as flexible as…
You may apply for investment promotion from the Board of Investment (BOI) if the nature of your business falls under one of the promoted activities, in which case you would be entitled 100% foreign ownership with the foreign business license (without the usual capitalization requirement) and would be permitted to bring in foreign skilled workers without having to comply with…
The visa and work permit application process for a foreign national can be summarized into three steps as follows: 1. Apply for a 90 days single entry Non-immigrant B visa at a Thai Embassy/Consulate abroad once the company has been incorporated and registered for VAT with the Revenue department; 2. Apply for the Work permit from the…
In the case that the company would be required to support a foreigner’s visa and work permit, the company must meet the following conditions: 1. Have two million Thai Baht in registered capital to support each foreigner’s work permit – this amount will not need to be shown in cash unless it exceeds 5 million Baht;…
There are 6 ways to achieve it, and the company must fall under one of the following categories: 1. Export or manufacturing company – if the company will only be involved in the manufacturing and/or export business, with no local trading, and where importing of goods (raw materials, machinery, etc.) are strictly for the purpose of manufacturing…
Once you understand the steps required to setup a company here in Thailand, it is not that difficult after-all. One main challenge that we noticed for foreigner is to accept that there will be some risk involve since you cannot fully own the company and may be dependent on a nominee to register your company….
One of the most common situation faced by expats of digital nomads who wants to stay in Thailand for an extended period of time would be to get a Visa that allow you to do so. The most popular type of Visa that allows you to stay in Thailand for a longer period of time…
The most common type of legal entity in Thailand is the limited-company, which is similar in structure to the Limited Liability Company (LLC) in the USA. A limited-company in Thailand must be owned by at least three shareholders and managed by at least one Director. A Thailand Limited-Company also means that 51% of the company…
